Research Article
The Role of Human Capital on Growth in Central Java Province: Evidence from Panel Data
@INPROCEEDINGS{10.4108/eai.1-8-2024.2354978, author={Sabila Putri Ramadhani and Mahrus Lutfi Adi Kurniawan and Firsty Ramadhona Amalia Lubis}, title={The Role of Human Capital on Growth in Central Java Province: Evidence from Panel Data}, proceedings={Proceedings of the 1st International Conference on Business Economics, Entrepreneurship, and Social Sciences, ICBEESS 2024, 1st August 2024, Gresik, East Java, Indonesia}, publisher={EAI}, proceedings_a={ICBEESS}, year={2026}, month={2}, keywords={economic growth investment human capital panel data}, doi={10.4108/eai.1-8-2024.2354978} }- Sabila Putri Ramadhani
Mahrus Lutfi Adi Kurniawan
Firsty Ramadhona Amalia Lubis
Year: 2026
The Role of Human Capital on Growth in Central Java Province: Evidence from Panel Data
ICBEESS
EAI
DOI: 10.4108/eai.1-8-2024.2354978
Abstract
Economic growth in Central Java Province is still relatively low among the five other provinces on the island of Java. This research was conducted with the aim of determining the effect of investment, HDI, minimum wage, poverty and open unemployment rates on economic growth. The data used in this research is panel data or a combination of cross section data from 29 districts and 6 cities and time series data from 2017 to 2021 obtained from the official website of the Central Statistics Agency. The selected model is the Fixed Effect Model. The results of this research are that the investment variable has no effect on economic growth, the HDI variable has a significant positive effect on economic growth, the minimum wage variable has a significant negative effect on economic growth, the poverty variable has no effect on economic growth, and the open unemployment rate variable has a negative effect on economic growth.
